Qard Current Account – i
(Protected by PIDM up to RM250,000 for each depositor)Bank Islam offers the Current Account facility for safe custody of your cash. This facility, which is based on the Qard contract, enables you to wisely plan your monthly expenditure and allows you to manage your financial needs without involving cash.
Benefits & Features
Benefits
- Bankcard facility (for Individual / Joint account & Private Company Account Only)
- Salary crediting & sweeping facility
- ‘Standing Instruction’ facility for payment of bills and others
- Hibah may be given on a monthly basis based on the Bank’s discretion
- Others facilities:
- Internet Banking
- TAP Mobile Banking-i
Electronic Banking Facilities
ATM
- Cash withdrawal
- Fund transfer
- Statement request
- Utility bills payment
- Zakat payment
- Tabung Haji transaction
- Internet Banking (bankislam.biz) registration
- PIN Change
- MEPS Cash inquiry and withdrawal
e-Debit
The e-Debit (electronic funds transfer at point of sale) is a service where consumers pay their purchases using Bankcard and Personal Identification Number (PIN). The purchase amount will be deducted directly form either their Savings or Current Account.
MEPS Cash
MEPS Cash is an e-Purse application in your Bankcard, which stores a specific amount of monetary value loaded from ATM account, which can be used to make small purchases. MEPS Cash is a convenient method for making your routine daily purchases.
Contract
Qard
The Customer shall give consent to the Bank to deal with the whole or any part of any balances in the account in the manner that the Bank deems fit. Any profit generated by the Bank from the use of the funds shall belong to the Bank. The Bank may at its absolute discretion, give reward (Hibah) to the Customer. Subject to the terms hereof, the Bank guarantees payment of the whole sum standing to the credit of the Customer’s account upon demand.
Eligibility
Eligible Person
Malaysian citizens and permanent residents
Minimum Initial Deposit
RM500.00 for individual account and RM1,000.00 for non-individual account
Minimum Balance
No minimum balance
Age Requirement
Open to all, aged 18 years old and above
Types of Account
- Individual Account
- Joint Account
- Partnership Account
- Government Account
- Association Account
- Private Company Account
- Company Account
Fees & Charges
Outward Returned Cheque with Insufficient BalanceInsufficient (including technical)RM50.00 per cheque
Subject |
Charges |
Rate / Amount |
---|---|---|
Request for Statement | Daily | RM3.00 per request |
Weekly | RM5.00 per request | |
Within 1 year | RM1.00 per copy + RM5.00 per request | |
More than 1 year | RM1.00 per copy + RM10.00 per request | |
Request for Photocopy of Cheque/ Pay in Slip/ Advices | Within 1 year | RM1.00 per copy + RM5.00 per request |
More than 1 year | RM1.00 per copy + RM10.00 per request | |
Request for Photocopy of Cheque Image | 3 months and below | RM1.00 per copy + RM5.00 per request |
More than 3 months | RM1.00 per copy + RM10.00 per request | |
Uncollected Cheque Book | After 30 days of issuance | RM20.00 per cheque book destroyed |
Payment Over the Counter via Cheque | 5th Cheque Onwards | RM5.00 per cheque |
Third Party Cheque Encashment | Per Cheque | RM2.00 |
Stop Payment | Normal | RM10.00 per stop payment cheque upon presented |
Insufficient Fund | RM110.00 per stop payment cheque upon presented (stop payment + insufficient fund) | |
Represented Cheque with Insufficient Balance | RM50.00 per cheque | |
Technical | RM10.00 per cheque | |
Inward Cheque Return | Post-dated | RM10.00 charged to payee/depositor |
Inter Branch Current Account Cash Withdrawal (Earmarking) – for individual & sole proprietor account only | Cable/ Fax/ Courier charges | RM5.00 |
Half-Yearly Service Charge |
|
RM10.00 |
Early Closure of Current Account | Within 3 months | RM20.00 |
Stamp Duty on Cheques | RM0.15 each cheque leaf | |
Mandate | RM10.00 (stamp duty) | |
Request for endorsement of the status of company’s account. Tender submission documents must be attached together | RM20.00 | |
Request for confirmation of Authorised Cheque signatories for the renewal of Pusat Khidmat Contractor License | RM20.00 | |
Coin Deposit – for Business Account | 1st RM100.00 is free Subsequent RM100.00 is charged RM2.00 | |
Other Fees & Charges | Card Replacement fee | RM12.00 |
Terms & Conditions
Click here to view Terms & Conditions for QARD CURRENT ACCOUNT-i effective 1st August 2021